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How much do wirehouse advisors hate selling for the bank?
Financial advisors simply can't stand conflicts that mix banking and financial advice.
UBS wealth management notches another strong quarter
Meanwhile, the investment bank announced plans to launch a digital wealth manager in the U.S. next year targeting affluent clientele.
Edward Jones files to create bank
The broker-dealer's Utah-chartered industrial bank could open in 2021
Low rates topple cash yields for robo-advised clients
Digital wealth managers may be forced to reinvent themselves in light of the recent stock market downturn
Cross-selling is a dud so far for advisers, banks, survey finds
After suffering major revenue shortfalls from their mortgage and credit card operations, big U.S. banks are looking to their wealth management businesses to help pick up the slack
Banks’ annuity fee income rose, FA sales fell in "09 3Q
Fee income from annuity sales climbed at bank holding companies during the first three quarters of 2009, but sales of fixed annuities in the bank channel slipped, according to two separate studies released last week.
Life insurance premium levels at banks show 3Q spike
New life insurance premium levels at banks leapt nearly 60% during the third quarter, beating the overall industry's growth for the second consecutive quarter, according to data from Kehrer-LIMRA, a subsidiary of LIMRA International Inc.
Administration’s push to overhaul banking worries some
Obama wants to empower the Fed, create a council of federal regulators to monitor risk, and create a new consumer protection agency overseeing credit card lenders and mortgage brokers.
Wall Street’s world turned upside down
The day of reckoning has come for the financial services industry.
Bank CEOs haven’t been buying own stock
Only three of the eight CEOs testifying before the House on their use of government bailout funds bought shares in their companies over the last six months as the stocks were plummeting.
Treasury selects BNY Mellon custodian
The Department of the Treasury has hired The Bank of New York Mellon Corp. to be the custodian that will implement its $700 billion economic-stimulus package.
Securities brokerage income up at BHC
Securities brokerage income shot up 73% at bank holding companies during the first quarter, hitting $4.74 billion.
SEC, Fed agree to share information
The SEC and the Federal Reserve Board of Governors signed an agreement today that will bolster the sharing of information.
Wells Fargo’s brand No. 1 among midsize firms
Wells Fargo & Co. holds the most powerful brand in the United States among midsize financial institutions, according to a study that was released today.
Big quarter for bank insurance brokerages
First-quarter earnings hit $1.07 billion, the second highest level ever, a gain of $993.3 million from a year ago.
Study: Banks boom when they sell insurance
Banks that sold insurance were more profitable than those that didn’t in 2007, according to Bank Insurance Market Research.
Bank sales of annuities up in October
Fixed and variable annuity sales at banks rose to $4.2 billion in October, a 14% gain.
CD designed for 529s
Oregon's new certificate of deposit linked to the S&P 500 Index offers a guarantee and possible growth.
